Pakistan’s tea crisis looms

Pakistan’s tea crisis looms

According to Pakistani media reports, before Ramadan, the price of related tea packaging bags has increased significantly. The price of Pakistani black tea (bulk) has risen from 1,100 rupees (28.2 yuan) per kilogram to 1,600 rupees (41 yuan) per kilogram in the past 15 days. RMB), this is because about 250 containers are still stuck at the port from late December 2022 to early January this year.

the Zeeshan Maqsood, head of the Tea Standing Committee of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), said tea imports are currently in crisis and this could lead to a severe shortage in March. He suggested that Pakistan should sign a Preferential Trade Agreement (PTA) with Kenya, “All teas of African origin are auctioned in Mombasa, we import 90% of Kenyan teas from weekly auctions”. Kenya is the gateway to Africa, connecting seven landlocked countries. Pakistan imports about $500 million worth of tea from Kenya every year and only exports $250 million worth of other products to Kenya, according to the Dawn newspaper. According to relevant data, the prices of tea sets such as teacups will also increase.

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Post time: Feb-15-2023